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What is Ashley adjusted basis of the property

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Problem - Ashley inherited all of the property of her aunt, who died in 2019. Her aunt's adjusted basis for the property at the date of death was $1,200,000. The property's fair market value was $4,500,000 at the date of death and $4,800,000 six months after the date of death. What is Ashley's adjusted basis of the property for income tax purposes?

Reference no: EM132670411

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